Many gold investors do so as a means of having a safe or conservative investment in their overall portfolio. Gold’s reliable value has made it a go-to investment in times of economic turmoil. Continue reading to learn how you can protect and grow your wealth using gold.

TIP! Do you know how pricing on precious metals works? Metal prices fluctuate constantly, so you need to know the price on any given day for a transaction. You need to get ready to pay higher prices than mere melt value on fractional pieces as opposed to one-ounce pieces.

Gold prices constantly change so you must know your piece’s value before selling it. If you choose to sell gold, weigh and value pieces that have different karat values separately. A designer piece, however, shouldn’t be sold because the item as a whole could be worth more than just the gold.

Stick with a reputable buyer when selling your gold. You can check out their reputation by contacting the BBB and checking online reviews. Good customer service and fair market prices are good indicators of reputable buyers. You should do this to better protect your gold investment and yourself.

TIP! If you buy gold for your retirement fund, be sure it’s the proper kind. The IRS must have approved the gold that you receive.

Do you know how pricing on precious metals works? The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

Find out what the terms are before mailing off your old, broken jewelry. Find out when you will receive your money, and never send your package without insuring it first. Last, but not least, photograph each item you are sending via mail so that you have recourse if a dispute occurs.

TIP! GoldMoney can be a good resource when buying gold. It’s similar to opening a “gold bank account.

Anything that is gold can be sold. This could be tableware, broken jewelry, and other stuff you have around your house. An item need not be made purely of gold. Even gold plated items will have some value. You’ll still get a decent return on your sale.

When you decide on buying gold the first thing to do is look at the spot price. This information is readily available online. Be aware that it is updated every day. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Some will attempt to charge even more, but that isn’t ethical.

TIP! Keep your gold investing to yourself. Anyone could be listening and you don’t know who can be trusted.

When dealing with gold commodities, proceed with caution. Several markets have bad companies, but gold is notorious for containing many. You must be diligent and do your homework. You have to do your research to keep yourself safe.

Get a good grasp on what you own. There are many things that look like gold, but are completely worthless. It’s not uncommon to find gold that has been mixed in with other, lesser metals. The less gold, the less value. Also, some items may only be gold plated. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.

TIP! When selling gold, research the market price. You should also look around to see what other people are asking for similar pieces.

Check Better Business Bureau ratings for gold dealers and jewelry stores before deciding where you want to sell your pieces. You can usually find out about complaints and customer reviews. Don’t worry too much about complaints that have been satisfactorily resolved. If a business has a lot of customer complaints or unresolved complaints, avoid using them.

Research a dealer before doing business with them. To help ensure you are buying from a reputable dealer, contact your Better Business Bureau. The BBB can tell you if the dealer has had any complaints. If complaints have been filed, use another dealer.

TIP! Ask the gold party representative about how the gold’s purity in karats is determined. In most cases, the item is simply stamped.

Over the last decade, gold has increased in value fourfold. Whether this is a good time to buy gold or not is an unknown, but depends mostly on whether the dollar rises or falls. If the dollar is weak, the price of gold is higher.

A smart gold investor understands how to perform a test to know what the grade of gold is. Purity is rated in karats. The higher the karat, the more the gold is worth. It is unwise to rely on a karat stamp alone. If you know how to test gold’s purity, you will never be overcharged.

TIP! Always read small print in sales contracts. If you’re trying to sell gold to people through the mail, then you have to go over the fine print carefully before you sell gold.

If you want a little aesthetic appeal along with your investment value, investing in quality, high-karat gold jewelry may be the best investment approach for you. Golden jewelry will hold its value and can be worn as well. The craftsmanship of high-quality gold pieces add value to gold content that maker it desirable to invest in.

Gold is a great long-term investment. Therefore, you ought not buy when gold is priced highly. You should actually wait until prices drop to make a smart investment. Ignoring the market when buying gold will give you a better price overall.

Stock Market

Obviously, it is important to sell your gold when the price is peaking. Stock market values change every day. If you learn about how the stock market works, you can maximize your returns. Look for indicators that stocks are on the rise and sell gold coins at that point.

TIP! Don’t unload your gold to an Internet buyer without taking a careful look at the current prices. It’s not uncommon to find more favorable pricing from local buyers with physical locations.

You don’t want to purchase too much when you’re investing in gold. It doesn’t add to your income like stocks and bonds do. Additionally, gold prices fluctuate regularly. As equities decline, gold increases in value. You ought not invest over 5% of available funds into gold.

Gold isn’t an investment you should try and time perfectly. You should instead think of it as some kind of a wealth insurance. It’s good to purchase gold during stable economic times. When economic times are tough, gold shortages are normal.

TIP! If you wish to get gold for beauty and value, try buying jewelry that’s made from some pure gold. You can buy gold jewelry as an investment or a fashion accessory.

Are you interested in a gold investment but you don’t have the upfront cash required? You can start off small. Simply buy gold when you have the money to do so. Your collection will grow bigger over time and you’ll soon have a good amount of gold.

Karat Gold

TIP! If you happen to be just starting out with gold, do not make things complicated. Avoid gold futures and other similar investments.

If you’re selling multiple gold items, make sure they are separated by karat value. The price you receive will be more accurate this way. For example, an 18 karat gold necklace that weighs one ounce will be worth much more than a 10 karat gold ring.

If you have a good idea of the ins and outs of the market, investing in gold is not very complicated. You just got some great ideas about gold, so you can jump right in. Use this information to invest wisely.